Capstone Legacy Foundation Inc

Analysis

Capstone Legacy Foundation Inc is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capstone Legacy Foundation Inc reported income of $3.1m and spending of $3.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $3.1m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Capstone Legacy Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Jericho Road Ministries Inc ($3.1m), Brookings Area United Way ($3.1m) and Childlife Foundation America Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $302k (9.1% of expenses). Other salaries and wages came to $390k. At year end it held assets of $5.4m against liabilities of $752k, net assets of $4.6m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.